Lincoln National price target raised to $33 from $32 at Evercore ISI

Evercore ISI raised the firm’s price target on Lincoln National to $33 from $32 and keeps an In Line rating on the shares after hosting investor meetings with Lincoln’s CFO Chris Neczypor and head of IR Tina Madon. Following the meetings, the firm increased its 2025 estimate, tweaked its Q1 estimate lower to reflect severance expense, and moved up forward estimates starting in Q2 to reflect the favorable Q1 equity market performance and the favorable impact on fee income in the annuity segment.